National Health Investors, Inc. (NYSE:NHI) Given Consensus Recommendation of "Buy" by Analysts

National Health Investors, Inc. (NYSE:NHI - Get Free Report) has received an average recommendation of "Buy" from the five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $84.60.

Several equities analysts recently weighed in on NHI shares. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. Truist Financial raised shares of National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price target on the stock in a research note on Wednesday, July 2nd. Finally, KeyCorp raised shares of National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 target price for the company in a research report on Thursday.

Institutional Trading of National Health Investors

A number of hedge funds have recently modified their holdings of NHI. Wealth Enhancement Advisory Services LLC raised its holdings in shares of National Health Investors by 11.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,611 shares of the real estate investment trust's stock worth $267,000 after buying an additional 357 shares in the last quarter. SG Americas Securities LLC acquired a new stake in National Health Investors during the 1st quarter valued at $808,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in National Health Investors by 3.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 478,900 shares of the real estate investment trust's stock valued at $35,372,000 after purchasing an additional 15,497 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in National Health Investors by 5,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 900 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in National Health Investors by 21.8% during the 4th quarter. Victory Capital Management Inc. now owns 29,723 shares of the real estate investment trust's stock valued at $2,060,000 after purchasing an additional 5,318 shares in the last quarter. Institutional investors own 62.51% of the company's stock.

National Health Investors Price Performance

National Health Investors stock traded up $0.77 during mid-day trading on Thursday, reaching $71.05. The company had a trading volume of 341,435 shares, compared to its average volume of 249,927. The stock's 50-day simple moving average is $72.56 and its 200-day simple moving average is $71.60. The company has a market capitalization of $3.32 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.54 and a beta of 0.73. National Health Investors has a 1 year low of $65.13 and a 1 year high of $86.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55.

National Health Investors (NYSE:NHI - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. National Health Investors had a net margin of 41.15% and a return on equity of 10.64%. The business had revenue of $68.87 million for the quarter, compared to analyst estimates of $85.13 million. During the same period in the prior year, the business earned $1.10 earnings per share. The company's quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that National Health Investors will post 4.41 EPS for the current year.

National Health Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Monday, June 30th. National Health Investors's dividend payout ratio (DPR) is 114.29%.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc NYSE: NHI is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.